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FOX News
Mar 3, 2013 8:00pm PST
, the debt ceiling, which the government will hit yet again in mid february. brown wants to hold the line, but he fears the g.o.p. leadership will cave. john boehner's a great speaker, but he's too nice a guy. barack obama comes, he's a bare knuckle street fighter. >> john: is that what this is going to be a bare-knuckle brawl. >> no question, it already is. >> john: days after taunting republicans for caving on taxes obama even warns him don't even test him on the debt ceiling. >> i'm not going to have a monthly conversation about whether or not we pay our bills. >> john: and in fact, behind closed doors, a cadre of republican leaders, including suspend the 16.4 ng to trillion dollar debt limitment and they also pass a law that would dock lawmakers pay unless the democratically controlled senate pass as budget which it hasn't done in nearly four years. >> i think that was just a gimmick, giving barack obama a blank check for four months is just inane as far as i'm concerned. >> this is a huge day for the american people. >> john: it seems the only people that's pleased are the ones at th
Mar 2, 2013 10:00am PST
the united states may not be able to pay all its bills. congress bitterly divided over the debt ceiling. republicans demanding $2.5 trillion in spending cuts p. >> no one wants the united states to defall on our obligations but we won't see real economic growth without a serious plan to deal with our deficit. >> every american is being held hostage by the republican majority. >> the fight goes right up to the deadline. but late on sunday, july 31st -- >> i want to northern plains that the leaders of both parties in both chambers have reached an agreement. >> a deal has been reached in the debt ceiling debate. >> a last-minute deal to raise the debt ceiling through the 2012 presidential elections. >> agonizing. we all were up late last nigh, eshg mails flying at midnight. >> congress agrees to about a trillion in cuts and the creation of a bipartisan supercommittee. it job to find another $1.5 trillion in cuts. crucially, if the super committee fail, then indiscriminate, across-the-board forced spending cuts would kick in in 2013. the geeky word for it in congress -- the sequester. relie
Mar 4, 2013 8:00pm EST
, of course, we have had debates back and forth as it relates to the debt ceiling and suggestions from some in this chamber that the president's effort to raise the debt ceiling is evidence of his willingness to be irresponsible as it relates to the economy. what's interesting, of course, is that the debt ceiling is not a forward-looking vehicle that's designed to give the administration the ability to spend more. the debt ceiling is a back ward-looking vehicle to give president obama at this moment the ability to pay for bills that this congress has already incurred. and so when we talk about the notion that there's a spending problem in america, let's be accurate with what really is at issue. and the reality is many of the bills that we have already incurred that americans are forced to pay for and borrow in order to meet our obligation, these were debts incurred by the prior administration. in fact, this chart illustrates the dynamic that we find ourselves in as it relates to where we really are in america and how we got here. under the prior administration of george w. bush, we had two
Mar 4, 2013 10:00am PST
of the month into a showdown, and actually will give them leeway to raise the debt ceiling without a big fight internally as long as they stick to their guns on these spending cuts. >> you know, i think it's really unfair to journalists to not have another showdown in three weeks because it seems like every three, maybe four weeks we should have some kind of crisis that allows us to use hyperbolic language. i actually think that we will not have a shutdown this month. i think it's clear that both sides have decided for just a go along kind of strategy. we'll see if that conveys also to the may debt ceiling debate, which could be tougher. i mean, that is a harder issue, it seems to me, to these real deficit hawks that you have, especially in the house republican caucus. i do think we're going to have, you know, march is going to go out like a lamb when it comes to fiscal politics. >> that's for sure. david, you guys had a very interesting piece over the weekend about the affect on the washington region, and in many ways the washington region protected from the recession the great recession that
Comedy Central
Mar 1, 2013 6:55pm PST
in fact it's a terrible solution. it was born back in 2011 when obama wanted to raise the debt ceiling. the amount that america can borrow to pay its bills. it's sort of like raising the credit limit on your visa to pay off your mastercard if you had used your mastercard to pay for two trillion-dollar wars. but -- listen, wait. [cheers and applause] they were worth it because now we can use all the free miles to go to the next war. [cheers and applause] but the republicans -- but the republicans would only raise the debt ceiling if the president promised later spending cuts. if those were not passed by an arbitrary date, it would trigger the sequester, a doomsday scenario designed to cripple programs that both sides love. the democrats would see damaging reductions in education, national parks, vaccination programs, food inspection, even the national zoo while republicans would see cuts to everything they hold dear like the military. [laughter] the point is -- [cheers and applause] -- if the two sides failed to come to a compromise in march 2013 would come in likeƑi a lion and go out
Mar 8, 2013 8:00pm PST
shutdown. the possibility of a debt ceiling later on. we work our way through those sorts of things. the story looks pretty positive for the economy. gwen: there are people their entire argument was spread cate on other side of the aisle on the idea that this was or was not going to be a big deal, the sequester, the word i hate to use. what was their reaction on capitol hill? >> there's a reality that this is sort of here to stay until they find some longer term alternative. one thing they tried to do this week is pass a spending bill to hopefully head off a government shutdown but that would give the pentagon some more things to implement these cuts. i do think that one thing to look for and one thing is that a lot of people said it's not going to be immediate. there was a build-up by the obama administration to say that this deadline march 1, but these furloughs have to be given at least 30 days notice. a lot of pentagon employees have to have a 60-day notice. it's going to be mid april and beyond. that's when we will start to see job losses, long lines at airports. that's when yo
Mar 1, 2013 7:00pm PST
didn't shut the government down or breach the debt ceiling in august 2011. or go over the fiscal cliff in january of 2012. and we delayed the debt ceiling fight that we're supposed to be having right about now. but today, this sequester, this really bad thing that all sides agree is a really bad thing is happening. even though all sides agree it shouldn't happen. and president obama and speaker boehner publicly say they don't want it to happen. this is the first time we actually let one of these happen. what is stopping the sequester from being stopped? there is one thing, one single policy decision that lies at the heart of the washington crises. it is the same thing that made the super committee fail and the grand bargain fail and that led to this debacle that led to this sequester. it is the republicans' insistence, combined with the utter refusal to make it part of a deal. it is true, house republicans did declare to let them raise the taxes by 6 billion, grover norquist agreed to score that one as a tax cut. before that happened, they rejected that one as a debt reduction. in the
Mar 8, 2013 7:00pm PST
scarborough are. there are hints that republicans may want to repeat the awesome debt ceiling horrible disaster of 2011. wall street headline was boehner continues to link that debt ceiling to cuts. house speaker boehner on thursday said he would continue to insist the next debt ceiling cuts be matched by the spending cuts, raised by the prospect. there is something to look forward to. what happened to the economy when we had a high stakes showdown? we've seen this movie before. this chart is all you need to know. that red circle right there, that is the big dip in new jobs added to the economy in may, june, july and august, where the united states was seriously talking about defaulting on the debt. we basically cut our job creation in half for that period. it was unprecedented. unnecessary, completely damaging economic sabotage. and washington keeps coming up with new and unusual ways to scare the economy, to take money and confidence out of the economy, none more twisted than taking the nation's credit rating and credit worthyness hostage. but washington, there is a way to stop doing
Mar 2, 2013 6:00am EST
. that has passed. it happened. that vote also was to raise the debt ceiling. if we had not done that, we would have had a more serious crisis then. i was hopeful that we would, given time, come up with a better solution. we have not done it here and it has gone far enough. this is the end. >> [indiscernible]the idea of the sequestration, the meeting with many of you in the speaker's office, the multiple plans, proposals, press conferences, news releases, videos to try to inform members about the sequester -- what would you have done differently? >> part of the problem in all of this debate is the president, at the same time he made a promise to the american people it would not happen, he restricted the department of defense from telling the people what would occur if he broke his promise. today we are standing here with the president having broken his promise and the department of defense scrambling. the department of defense has not been able to hand in their homework of what will happen. we have a better understanding of the consequences. this is dangerous. we agree with the president
Mar 1, 2013 6:00pm PST
months later in july that was a debt ceiling standoff. we will call you bilbo. you name storms alphabetically, right? then the other government shutdown fight, not to be confused with aaron. this was the third storm of the season. we will make it carlito, which starts with c. then we got a break from political crises for a while while we had the presidential election. but right after the presidential election was over, we got right back into the storms with the fiscal cliff crisis. and everybody struggled so mightily with the cliff as a metaphor. it would have been much easier if we just named it. it starts with d at this point, right? so how about deidre. already we have aaron, bilbo, carlito and deidre. and now we're sitting in the middle of the sequester thing, which i declare it will no longer be called the sequester. let us call it earl. it starts with e. the half the fact that nobody cares is nobody can remember the word sequester. and half the people who cannot remember sequester cannot spell it and the other half cannot define it. the sequester crisis? no wonder nobody
Mar 2, 2013 7:00am PST
crisis, like, for example, the debt ceiling. >> it is likely it will take weeks and possibly months before the true impact of the cuts is felt. in the meantime, another fiscal crisis looms, and if the nation cannot come to agreement on that, as possible the government will shut down. >> minnesota is feared dead after being swallowed by a sinkhole that opened up under his home late on thursday near tampa. police say the land underneath the house is a network of cabins full of water. family members told emergency crews they heard a loud crash and scream. >> i ran in and jump in the hole. i was screaming his name. i could swear i heard him calling my name. >> i've been told by outside experts that the site is extremely unstable. this is not your typical sinkhole. this is a cabin. this covers a great distance. we still have not been able to find the boundary of the underground cavern. >> it has been revealed venezuela's president has been receiving chemotherapy as part of his cancer treatment. despite battling for his life, the leader's reported to be in good spirits. these comments wer
Mar 2, 2013 4:15pm EST
. that vote at that time was to raise the debt ceiling. if we had not done that, we wouldn't have had a serious crisis -- we would have had a serious crisis. i was hoping that given time, we could come up with a better solution and it that has not gotten done. i am saying it has gone for another. this is the end. no more cuts out of national security. >> there was a meeting of you in the speakary's office. have you informed other members about the sequestered? what would you have done differently and how would you have argued differently to avoid this? >> let me turn to mr. turner on that. >> part of the problem in this debate is the president's made a promise to the american people that would not happen and constrained and restricted the department of defense of telling the american people what would occur if he broke his promise. we're standing here today with the president having broken his promise and the department of defense scrambling to get the message out to the american public. there is not yet understand because the department of defense has not been able to hand in their h
Mar 4, 2013 4:00am PST
that ended the standoff over raising the nation's debt ceiling, but those cuts were never supposed to happen. now leaders in washington are squabbling over restoring those funds. susan mcginnis is in washington this morning. susan? >> good morning, anne-marie. the finger-pointing continues over the weekend. both parties are now promising to retroactively turn back these cuts, but to get there, they will have to overcome a familiar hurdle. the gop won't agree to any plan that includes tax increases. the democrats say there's no deal without them. president obama called individual republican senators over the weekend to see if they would support a tax increase to offset the spending cuts, but the senate's top republican signaling gop support for more revenue is unlikely. >> i haven't heard a single senate republican say they're willing to raise one dime in taxes in order to avoid a spending reduction commitment that we made on a bipartisan basis just a year and a half ago. >> on sunday the head of the president's economic council predicted the gop would face
Mar 5, 2013 6:00am PST
as a means of -- and the current sequester and upcoming debt ceiling are part and parcel of that. and it's just going to keep happening. >> yeah, and we used to not have the debt ceiling fight like this. it used to not being brought -- not just being brought to the brink, but actually getting to the point where our credit rating is low erred, and the world feels threatened by our inability to get our finances in order, simply to say that there is not going to be interruption or constant crises. >> stephanie: yeah. >> and now we're all -- and now the nation is -- is told we need to panic over this when it's just simply not true. >> i'm looking at an article right now, that says paul krugman is right for having the wrong conversation. >> stephanie: yeah. you point out the same thing i have been screaming about. the chyron on meet with press is are both parties to blame? and you say if someone sets a fire, are you going to complain the firefighters are yelling too loudly. republicans need to chill the [ censor bleep ] out. >> but as far as crisis go i don't think this
Mar 4, 2013 12:35am EST
out into the summer. we could see debt ceiling negotiations. it is worth pointing out a pass the debt ceiling extension, so the discussion will start again in may. we could see this prolonged into the summer. but as when the effects will be felt more. the administration is not helping people are going to suffer, but in terms of matching the concert sequences rigid the consequences, they are hoping as people start to feel pressure, the republicans will come to the table. >> why isn't john boehner being held accountable for rejecting $400 billion in entitlement cuts the president put on the table? >> one thing about sequestration is the fact that entitlements go essentially untouched, and it seems to have been the consensus in washington that we need serious entitlement reform. i think the question from the speaker's office, the report should be something like these are not serious cuts. they are reforms and entitlements like medicare that are not so dramatic that pairing wouldwith a tax increase commo not be sufficient. >> let's go through some of these numbers and put them in perspect
Mar 2, 2013 4:00pm PST
will once again hit the debt ceiling and risk defaulting on its debt. and on its loans. republicans in congress will demand spending cuts in exchange for a vote on raising the debt ceiling. now there's a bit of good news. that is the president and the house speaker signaled that they will work hard to make sure that the government does snot shut down. in this climate of grid lock. you do not know. they have different ideas and priorities of how to fund the government. the house is starting to move legislation this week to keep the government running. >> all right, dana bash in washington, thank you very much. one prominent republican is not buying the dire predictions over the spending cuts and he is mitt romney. remember him? the former gop president called the cuts an opportunity to help the economy recover. and he blames politics forgettiforge getting in the way. >> this is an opportunity, i look at the seester -- the sequester and the expiring tax cuts to solve the fiscal problems. if we do it, we will be more competitive globally and lead the world in the coming century. it's a
FOX News
Mar 3, 2013 9:00am PST
through the election without a debt ceiling issue, he didn't want to touch the real problem, which is mandatory spending increases and he spent the last year doing nothing and the last month campaigning against his own sequester. that's not the way the president of the united states is supposed to perform. >> my understanding is that you voted for the budget control act, which had the sequester framework built into it -- >> i did. >> even though many people didn't think it would ever come to this, do you regret voting for it? >> no, i don't regret t. it gave us $2.2 trillion in spending reductions. the only thing i regret is that we are not able to focus on the real problem. the sequester's focus and the reductions are focused on the part of the budget that's under control. national parks, national defense, national laboratories. the part that's not out of control is the mandatory spending increases. so that's the only regret i have -- between the president and congress, he won't focus on that and we can't get that done. >> the president said this week that, quote, none of this is
Mar 3, 2013 6:00pm EST
in the summer of 2011, dealing with the debt ceiling, it was clear those would be the issues. i started pushing hard for braurp approaches on both, medicare and the deal with tax reform. i still think we should deal with those issues other we're going to have these rolling fiscal cliffs go on and on. >> are you seeing movement in that direction? >> i am. i've been talking to senators on both sides on tax reform and medicare and there is a sense there is time to get on with it. >> let me ask a question about the sequester and energy policy. are you concerned there will be impact because of the impending and present-now cuts from the sequester? anything specific on an energy environmental policy that will be hurt because of these cuts? >> a number of specific areas concern me. first, we got to get our folks back to work. i'm concerned that the sequester is going to hurt our ability to do these large landscape projects where we go in and send out these millions of acres and growth and get people back to work. last week i was in the most contaminated piece of federal property. we've had problems wi
Mar 3, 2013 10:00am EST
the very broken tax system. back in the summer of 2011 we were dealing with the debt ceiling. it is clear those were going to be the issues. i started pushing very hard for bipartisan approaches on both medicare and to deal with tax reform. i still think we have to deal with those issues. >> are you seeing any movement in that direction? >> i am. i have been talking to senators on both issues. i think there is a sense there is a time to get on with it. >> are you concerned there is going to be any impact to your community's actions because of the impending cuts from the sequestered? is there anything specific on energy environment policy that you think is going to be hurt more so than others because of these cutbacks >> a number of areas concern me. first we have to get our folks back into work. i am concerned our sequester is going to hurt our ability to do these large landscape project. last week i was at hanford which is the most contaminated piece of federal property. they had problems with the single shell tanks and double shell tanks. the sequester will hurt our ability to get that
Mar 4, 2013 4:00am PST
to the sequester and debt ceiling debates yet to come, people we spoke with think it caused a drag on the economy - but by how much is up to debate. "i will say that there will be an impact. i don't know how much, but there will be an impact." "i am concerned about the airports, but i think if people get aggrivated enough, government will do something." "how would i personally fix it? i'd be hands-off with a lot of the things they want to stick their nose into." nor did people we spoke with have high opinions of how business in washington was being conducted as the sequester deadline drew closer. "what doesn't make sense - and the only thing that we've seen from republicans so far in terms of proposals - is to replace this set of arbitrary cuts with even worse arbitrary cuts. that's not going to help the economy." speaker of the house john boehner has said "the discussion about revenue is over" and stressed taking on the spending problem in washington. on the table for cuts: military & national security, healthcare, education, and law enforcement. also: disaster relief, unemployment benefits, non
Mar 1, 2013 8:00pm PST
. when you had the debt ceiling problem, they knew, republicans and democrats, that the full faith and credit of the united states of america was on the line. at the end of march, they all know, you do not want to shut the government down. in this particular case, they're like, oh, we have budget cuts here. >> i think the republicans want to have a fight on spending. >> exactly. >> but i think the point you made i disagree with slightly. you said this is the popular stuff being cut. medicare and social security are pretty popular, too. and it's the irony. the stuff driving the deficit are not subject to the cut. gwen: it seems to me there's a big issue on the table and that perhaps turn it on its head, there is secret genius behind all of this. >> i wouldn't go that far. gwen: ok, not genius, but they would never get to the point where they would think of cutting anything unless they were up against the wall and that's what we've seen, the wall. >> it's a cliche in washington that congress never acts until it's a crisis and they've been trying to manufacture crises for the last cou
Mar 5, 2013 7:00pm PST
deal on tax reform and entitlement as well as an extension on the debt ceiling would go a long way towards boosting business confidence, spending and hiring would likely increase and conversely the failure to do anything in washington will also weigh on the markets. for "nightly business report" i'm bob pisani at the new york stock exchange. >> here to give his take on what's next for stocks is ceo of global investors. welcome. you know the last time the dow was as high as it is today, the multiple, the price earnings ratio on stocks was much higher than it is today. does that give you any comfort that equities can move up from even these lofty levels? >> i feel the market, equities will move higher between now and the year end. i think it's not just the multiples because, you know, multiples give you some comfort. valuation doesn't drive markets. when you get modest valuation and improving sentiment and improving fundamentals that i think the market can do pretty well. and i would point to a number of real positives for the u.s. right now. we have the cheapest and plentiful energy
Mar 2, 2013 7:30am PST
on in the present debt ceiling controversy in washington. >> my favorite book just recently, and i tell you it is $9.95 on amazon, is president kennedy's book called "nation of immigrants." it was written in the early 1960's. it will take you a couple of hours to read it again. it is a fabulous book and makes you realize that nothing has changed in the last 50 years. he talks about why we are a nation of immigrants and why that has been the strength of america. so, yes, we are all a nation of immigrants. we should remember that in these debates. but florida has an interesting process, something the all states should adopt, but every 20 years, a group of 30 citizens are awarded by the governor, the speaker of the house, the senate, supreme court, to rewrite florida's constitution, every line of it. it does not go to the legislature. all those pesky lobbyists out there do not get a chance to lobby one way or the other. goes right to the citizens of the state. took us two years to do that. we look at these issues. in florida's constitution, a quality education is now in the florida constitution. i do b
Mar 3, 2013 2:00pm PST
haven't seen much reaction from the stock market but been through the deficit and the debt ceiling so the stock market may be waiting to see what actually happens. we may see something on monday about this >> okay, jobs report coming out tend of the week as well what are the expectations? >> the numbers sort have been for a while in that 150,000, 180,000 range. and the expectations is they will probably stay there. right now you with all the uncertainty that we have in the business community, particularly with the sequestration now and the phones even for debt ceiling crisis coming up in the next few months, business community just suspect hiring. we have got to get past this and unfortunately, congress is taking its time in making this happen. >> hal sirkin, good to see you you thanks so much from chicago. >> great seeing you. >>> a medical breakthrough could change every ething in the figh against aids a possible cure. we have all the details when we come right back. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93
Mar 9, 2013 3:00pm PST
early july, august, before the nation's debt ceiling has to be raised. that is an informal deadline, if you will, looks like the government won't have to shut down. they don't necessarily have to worry about it. all of a sudden, senator rand paul of kentucky, emerging as a star because of the old fashioned filibuster. >> it was remarkable, the fact he was on the floor for almost 13 hours, he didn't sit down, he wouldn't, took a nature call, that ended the filibuster after midnight. there were so many different ripple effects from this. one is, i know you talked to some democrats that he was getting praise from liberals. it really showed how strange d bedfellows are when you look at the civil liberties and the need to be aggressive. he got one democrat to go on the floor with him. but really got praise from the a-type democrats sticking up for him. on his own side, he was beaten up by the wall street editorial page, and of course, john mccain, lindsey graham, more hawkish republicans who say he did a disservice to the country by questioning the idea of using what they call necessar
FOX News
Mar 2, 2013 4:00pm PST
can pass a bill . in may, debt ceiling is coming calling. it is it a crisis we have seen including in 2011 and caused our nation to lose the triple a credit rating. mike, republicans, not budging on giving up more tax revenue for cuts. maybe they could be asking for more down the road. >> harris, they are open to closing tax loop holes and part of tax reform but not allowing government spending. house republicans passed a deal to deal with the cuts in another way. >> we urge president obama and democrats to pass a responsible plan to repolice the sequester. instead of campaigning for higher taxes, the president should lead the effort to address our nation's spending problem. >> the presidented the gop for not giving up more tax revenue to solve this problem. >> it is it happening because republicans in congress choice this outcome over closing the tax loop hole that reduces the difsit. they decided to protect special interest is more important than protecting our military and middle class family from the cuts. >> after two plans fame would in the senate this week it is back to the
Mar 4, 2013 5:00pm EST
? it came about because the republicans refused to increase the debt ceiling. we were about to default on our obligations after raising the debt ceiling many, many times -- 18 times under ronald reagan, and ronald reagan warned us in those times never to play games with the debt ceiling. well, the republicans did. they played games with the debt ceiling. and they did it because, if you follow what then-the republican leader said, his highest priority was defeating president obama. and i'm sure they thought that kind of chaos would lead the way. that didn't happen. clearly our president was reelected, and he was reelected with a big vote. i'd ask that the senate be in order. the presiding officer: the senate will come to order. the senate will come to order. the senator from california. mrs. boxer: i'm sure that conversation was more interesting than mine. so as i was saying, we got into this situation with the sequester because there were games being played with the debt ceiling. and as a way to get out of it, we did something that we thought would never come to pass. we said, okay, gi
FOX News
Mar 4, 2013 8:00am PST
fight upcoming will be the debt ceiling fight. obama said he is not going to deal on that. i wants a clean increase in the debt ceiling. republicans on capitol hill see that fight very differently. they want spending cuts. jon: we'll ask senator john cornyn about that coming up but we seem to lurch from fiscal crisis to fiscal crisis right now. i can't remember, you know, a time in this nation's history when it has been from the fiscal cliff to the sequester and, another debt ceiling fight. it just seems to have happen every couple months now. >> absolutely and we have one this month, march 27th. we'll have to decide what level the government should be funded at. if there is no agreement, then the government would shut down. both the president and republican leaders say they don't want that i think they will avert a government shutdown but you never know. almost monthly, and certainly i think this summer will be once again the biggest fight on the debt ceiling. we've seen that movie before and we're going to see it again when the weather gets a little warmer. jon: seems that the pr
Mar 4, 2013 6:00am PST
the possibility of a government shutdown, a debt ceiling breach or the pressure of the sequester's cuts will, in the coming months break one side or the other but as long as the g.o.p.'s position is they won't compromise, there won't be a compromise. ezra klein is nailing it. >> or as you call him -- >> erza klein. >> john: we're allowed to be disappointed in the president for saying stuff that might come back to haunt him. >> stephanie: i don't think he ever thought this would happen. >> john: i don't think he thought this would happen. i thought he thought lucy was going to bet him kick the ball this time. this is about raising the debt ceiling. they did for ronald reagan for a total of 189% increase. they did it for george bush over ten times. >> stephanie: boner -- the idea of the president. john, excuse me. the president didn't want to be inconvenienced by the entire economy of the united states crashing down because we default? the way david gregory -- he got a few questions in, john but the way he let him spin it was incredible. >> john: i agree. >> i think you need to switch to abc's
Mar 3, 2013 6:00am PST
. what he left out is when they had the debt ceiling -- this is the result of failed debt ceiling cuts two years ago. republicans say let's reform this entitlement, that and others. the president rejected every entitlement reform the president put on the table. for now the president said we want to reform sbilentitlements. sure, let's do that. one thing they won't do is agree to any tax increases. >> it didn't sound like it, susan. just from a political point of view, seems a gamble for republicans only because public polling continues to show that the democrats and the president are the ones that get less blame anyway. >> there's clearly a miscalculation on the part of the white house. they figured that the defense cuts would be enough to force republicans back to the table, but not this republican party. that was the old republican party. this party cares more about spending than it does about keeping defense numbers up. therefore this option that seemed completely unacceptable, sounded like from your interview both sides ready to accept them. what we'll start to see is the sequester
Mar 7, 2013 7:00am PST
they end of the summer when congress is likely going to have to raise the debt ceiling again. that comes right at a time when there are going to be primary challengers getting ready to go against particularly republicans who are in any way supportive of increased revenue. so i think just the outside pressure in that way, and the political pressure as well as the philosophical divide is just too vast. >>> let me bring in north dakota senator john hovan. good to see you this morning. >> hi, chris. how are you? >> i'm well. i think the question is what do you think went on during that dinner? >> i thought it was a positive, constructive, candid conversation about our dead and deficit. and how we have to come together to address it. it's what the american people expect and deserve. that's what we focused on. >> i think both sides have been saying that, they deserve a government that's more productive. do you think the meeting made the grand bargain more likely? >> i do. you talked about other meetings he's having today and next week. he's got to continue this dialogue until we get the job do
Mar 7, 2013 12:00pm PST
-term compromise in the debt ceiling 2011 showdown, the super committee that came out of that debt ceiling fiasco, the fiscal cliff, and debt controlling show down part deux, that the sequester would actually force a deal? in the words of amy poehler and tina fey, really, really? just when we had written off the sequester as a new absurd low, it looks like the see dwes ter may be alive and kicking and dare i kay it working
Mar 6, 2013 6:00am PST
. >> stephanie: so did boner. he came out and said i told boner not to do it. >> caller: before the debt ceiling crisis, both houses increased the debt ceiling twice. and they were ready to do it again. boehner and mcconnell are on record saying well, if we have to do it, we'll do it. and obama went for this sequester deal. he had the whip hand there. he didn't use it. he's got one more chance coming up. >> stephanie: boehner was dealing with crazy tea party caucus. a lot of them were actively rooting for not raising the debt ceiling. i don't think it was a game. >> caller: we can't go back and say what would have happened. >> stephanie: we just did. >> caller: they did it twice. >> stephanie: all right. okay. coulda, woulda, should a. >> should not have even opened up -- >> stephanie: pam in new hampshire -- i just cut it off. pam in new hampshire. hello, pam. >> caller: hi, stephanie. how are you? >> stephanie: good. go ahead. >> caller: good because i've been standing out in the cold so die lose my signal. i don't understand why we don't shut the government down. it's not working. maybe they'
FOX Business
Mar 1, 2013 7:00pm EST
national debt will be nearing the statutory limit requiring congress to lower the debt ceiling. lou: karl cameron, thank you so much. chief political correspondent. the president's efforts to problem things, mr. obama changing his tune and comments made earlier this week in newport news, virginia. >> i'm not interested in playing a blame game. at this point, all i'm interested in is solving problems. lou: been today, blaming republicans for sequester. joining us now on whether this drama is over, congressman greg walden, it is great to have eulogized. >> you with us. >> it is good to be with you. lou: leadership. mitch mcconnell, speaker boehner, they seem to have figured it out. i see them standing up and talking about regular orders. that is a command us moment. >> it is very important. however we got into this mess, we must find a way to solve it. the best way is to follow regular order. which means letting the american people know what we are voting on and unlike when the democrats were in charge. >> how about a budget? >> the law says the president was supposed to submit his budget a
FOX News
Mar 9, 2013 7:00am PST
't fallen apart. so, the next time-- >> don't you have to be ma masculine to be emasculated? >> and the debt ceiling debates and all that, definitely impacts from the government shenanigans going on and i want to highlight, it's not that the government shouldn't spend in more money than they take in during a recession, it's when you're outside of recession and more or less headed to the balanced budget. that's what the market wants to see, we can do that and not have another recession. otherwise you're japan, perpetually spend more than you take it. this is a good leg to stand on. if the cuts kicked in a year ago or year before, i think the market would have tanked. this year, people are spending and-- >> now, toby, let's take a look at where we're headed because we talk a lot about new record highs, but you know, back five years ago, we were about at the same place and kind of back to the future. i mean, we haven't gone. >> yeah, brenda, i mean, this idea that we've hit this all-time high and people should feel really good, right? why don't they feel so good? well, you know the people who o
FOX News
Mar 3, 2013 7:00am PST
, obama now warns them don't even test him on the debt ceiling. >> i am not going to have a monthly conversation about whether or not we pay our bills. >> and in fact, behind closed doors, a cadre of republican leertdz, including price, is con driving to temporarily suspend the 16.4 trillion dollar debt limit. they would also pass a law that would dock lawmakers' pay unless the dem accurate i democraticad cincinnati does it. >> giving him a blank check is inane as far as i'm concerned. >> an inh inhighway in-depth na. showdown on debt row. it's followed by a special edition of the fox report with harris faulkner and then john roberts on showdown on debt row tonight on the fox newschannel. >>> well, a fox news alert. an update be on a devastating story in florida. just 15 minutes from tampa. demolition is now underway on this house. you're looking at live pictures of the crews here having to take down and dismantle the home that was perched over a giant sink hole. it took the life of a man inside his own bedroom. his bed and his body believed to be in that sink hole. they've not fou
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